ASSETS |
LIABILITIES |
||
Current Assets: |
Current Liabilities: |
||
Cash |
$10,800 |
Accounts Payable |
$10,800 |
Accounts receivables |
$138,000 |
Salaries Payable |
$9,800 |
Prepaid Rent |
$4,800 |
Interest payable |
$3,800 |
Supllies |
$24,000 |
||
Total current assets |
$177,600 |
Total current Liabilities |
$24,400 |
Notes Payable [due in 2 years] |
$28,000 |
||
Total Liabilities |
$52,400 |
||
Long Term Assets: |
STOCKHOLDER's EQUITY |
||
Equipment |
$280,000 |
Common Stock |
$180,000 |
Accumulated Depreciation |
($123,000) |
Retained Earnings [ 48000 + 380000 - 280000 - 14000 - 28000 - 3800] |
$102,200 |
Total Long Term assets |
$157,000 |
Total Stockholder's Equity |
$282,200 |
Total Assets |
$334,600 |
Total Liabilities & Stockholder's Equity |
$334,600 |
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information...
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Credit Debit $ 10,800 138,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 4,800 24,000...
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below Debit 10,800 138,000 Accounts Credit Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 4,800 24,000 280,000...
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) (The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit $ Debit 12,000 150,000 6,000 30,000 400,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest...
Required information Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented belov credit Debit s 11,100 141,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense 5,100 25,500...
Exercise 3-16A Prepare financial statements from an adjusted trial balance (LO3-5) [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts credit Debit $ 11,100 141,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense 5,100 25,500 310,000 $126,000 11,100 10,100 4,100 31,000...
Required information [The following information applies to the questions displayed below. The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,800 4,589 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Sto Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $120,000 10,500 9,500 3,500 25,000 150,000 45,000 350,000 250,000...
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 10,800 Accounts Receivable 138,000 Prepaid Rent 4,800 Supplies 24,000 Equipment 280,000 Accumulated Depreciation $ 123,000 Accounts Payable 10,800 Salaries Payable 9,800 Interest Payable 3,800 Notes Payable (due in two years) 28,000 Common Stock 180,000 Retained Earnings 48,000 Service Revenue 380,000 Salaries Expense 280,000 Rent Expense 14,000 Depreciation Expense 28,000 Interest Expense 3,800 Totals $ 783,400 $ 783,400 1. Record...
Required information [The following information applies to the questions displayed below.] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit $ Debit 11,600 146,000 5,600 28,000 360,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 131,000 11,600 10.600 4.600 36,000 260,000 56,000 460,000 360,000...
Required information [The following information applies to the questions displayed below] The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 11,300 143.000 5,300 26.500 330,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense $ 128,000 11,300 10.300 4,300 33.000 230,000 53,000 430,000 330,000...
Su 'S Required information The following information applies to the questions displayed below.] The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10, een 130,000 4,000 20,000 200,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals $115,000 10,000 9,000 3,000 20,000 100,000...